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Note 4 - Revenue and Segment Information (Tables)

6 Months Ended

Jun. 30, 2025

Notes Tables

Contract with Customer, Contract Asset, Contract Liability, and Receivable [Table Text Block]

		June 30,				December 31,
		2025				2024
		(in thousands)

Accounts receivable (including related-party), beginning January 1st, of period		$	5,960			$	4,300
Accounts receivable (including related-party), end of period			9,011				5,960

Unearned revenue, beginning January 1st, of period		$	2,727			$	3,243
Unearned revenue, end of period			1,549				2,727

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Three Months Ended
		June 30,
		2025																				2024
		Refinery Operations				Tolling & Terminaling				Corporate & Other				Intercompany Elimination ⁽¹⁾				Consolidated				Refinery Operations				Tolling & Terminaling				Corporate & Other				Intercompany Elimination				Consolidated
		(in thousands)

Segment revenue		$	55,795			$	1,361			$	-			$	(573	)		$	56,583			$	68,548			$	1,684			$	-			$	(573	)		$	69,659

Crude oil, fuel use, and chemicals			50,669				-				-				-				50,669				64,820				-				-				-				64,820
Other conversion costs			5,154				-				-				(573	)			4,581				9,058				-				-				(573	)			8,485
Tolling and terminaling costs			-				140				-				-				140				-				410				-				-				410
Depreciation and amortization			301				342				-				-				643				301				342				-				-				643
Total costs of goods sold			56,124				482				-				(573	)			56,033				74,179				752				-				(573	)			74,358

LEH operating fee, related party			276				-				-				-				276				254				-				-				-				254
General and administrative expenses			580				72				52				-				704				391				69				1,011				-				1,471
Other operating expenses(2)			-				-				125				-				125				-				-				140				-				140
Depreciation and amortization			-				-				74				-				74				-				-				62				-				62
Interest, net			928				444				180				-				1,552				806				497				137				-				1,440
Total costs and expenses			57,908				998				431				(573	)			58,764				75,630				1,318				1,350				(573	)			77,725

Income (loss) before income taxes			(2,113	)			363				(431	)			-				(2,181	)			(7,082	)			366				(1,350	)			-				(8,066	)

Income tax benefit			-				-				459				-				459				-				-				1,716				-				1,716

Net income (loss)		$	(2,113	)		$	363			$	28			$	-			$	(1,722	)		$	(7,082	)		$	366			$	366			$	-			$	(6,350	)

		Six Months Ended
		June 30,
		2025																				2024
		Refinery Operations				Tolling & Terminaling				Corporate & Other				Intercompany Elimination ⁽¹⁾				Consolidated				Refinery Operations				Tolling & Terminaling				Corporate & Other				Intercompany Elimination				Consolidated
		(in thousands)

Segment revenue		$	138,663			$	2,752			$	-			$	(1,140	)		$	140,275			$	158,463			$	3,294			$	-			$	(1,076	)		$	160,681

Crude oil, fuel use, and chemicals			125,245				-				-				-				125,245				141,489				-				-				-				141,489
Other conversion costs			8,002				-				-				(1,140	)			6,862				11,674				-				-				(1,076	)			10,598
Tolling and terminaling costs			-				262				-				-				262				-				820				-				-				820
Depreciation and amortization			599				684				-				-				1,283				602				684				-				-				1,286
Total costs of goods sold			133,846				946				-				(1,140	)			133,652				153,765				1,504				-				(1,076	)			154,193

LEH operating fee, related party			458				-				-				-				458				426				-				-				-				426
General and administrative expenses			919				160				980				-				2,059				628				92				1,734				-				2,454
Other operating expenses⁽²⁾			-				-				244				-				244				-				-				280				-				280
Depreciation and amortization			-				-				148				-				148				-				-				123				-				123
Interest, net			1,764				921				331				-				3,016				1,540				993				273				-				2,806
Total costs and expenses			136,987				2,027				1,703				(1,140	)			139,577				156,359				2,589				2,410				(1,076	)			160,282

Income (loss) before income taxes			1,676				725				(1,703	)			-				698				2,104				705				(2,410	)			-				399

Income tax expense			-				-				(176	)			-				(176	)			-				-				(125	)			-				(125	)

Net income (loss)		$	1,676			$	725			$	(1,879	)		$	-			$	522			$	2,104			$	705			$	(2,535	)		$	-			$	274

Segment, Reconciliation of Capital Expenditures from Segments to Consolidated [Table Text Block]

		Three Months Ended								Six Months Ended
		June 30,								June 30,
		2025				2024				2025				2024
		(in thousands)								(in thousands)
Capital expenditures
Refinery operations⁽¹⁾		$	29			$	-			$	168			$	-
Total capital expenditures		$	29			$	-			$	168			$	-

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		June 30,				December 31,
		2025				2024
		(in thousands)
Identifiable assets
Refinery operations		$	89,067			$	78,996
Tolling and terminaling			16,388				16,904
Corporate and other			5,363				5,996
Total identifiable assets		$	110,818			$	101,896